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A crypto payments network is celebrating three years in business — and claims it has now surpassed 4 million users worldwide.
Electroneum says it is continually unveiling new features that help make our world a better place. One of its flagship products is a mobile-based cryptocurrency that allows people to top up their phones in more than 140 countries. And as Cointelegraph reported back in May, the digital payments project also allows consumers in four African countries to top up their electricity meters directly from the ETN app — with plans to expand this service to even more nations in the not-too-distant future.
Given that there are an estimated 1 billion people who are unbanked worldwide, Electroneum says its cryptocurrency, ETN, has helped achieve financial inclusion in ways that have never been seen before. The company says that its token is “better than money” because it can be transferred between users without the need for an intermediary like a bank. In a world where cross-border payments can be eye-wateringly expensive, it also allows transfers to be completed for a fraction of a cent, within minutes.
A lack of access to a bank account isn’t always the only hurdle facing the world’s poorest, as some do not have access to technology. This is why ETN can be used without a mobile phone device — and why Electroneum has designed an affordable $40 smartphone that aims to meet the needs of those in developing regions. The device is currently only available in Cambodia.
Source: https://cointelegraph.com/news/crypto-payments-firm-with-4m-users-adds-top-blockchain-experts-to-team